https://www.taxtmi.com/caselaws?id=92787 Digital panel meters, welding sockets and a pH electrode/buffer amplifier were treated as eligible capital goods for Modvat credit under Rule 57Q because they were used for measurement and monitoring in the manufacturing process. The settled principle applied was that measuring instruments and checking equipment used in production qualify for credit as capital goods. On that basis, denial of Modvat credit was held unjustified, and the Revenue's challenge failed. en-us Tue, 02 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 11:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92787 Digital panel meters, welding sockets and a pH electrode/buffer amplifier were treated as eligible capital goods for Modvat credit under Rule 57Q because they were used for measurement and monitoring in the manufacturing process. The settled principle applied was that measuring instruments and checking equipment used in production qualify for credit as capital goods. On that basis, denial of Modvat credit was held unjustified, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 02 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92787